SLMBP - SLM Corporation PFD SER B: The Time For Big Dividend Gains Is Over

January, 26 2024 10:29 AM SLM Corporation Floating Rate Non-Cumulative Preferred Stock Series B

2024-01-26 10:29:24 ET

Summary

SLM Corporation's preferred stock listing, SLMBP, could see a slowdown in its rally as softer interest rates impact dividends.
It would likely still pay out dividends though, going by the company's positive earnings outlook released yesterday.
At the same time, the stock would only be attractive to long-term income investors, with the dividend upside exhausted for now.

When I last wrote about the preferred share listing for SLM Corporation (SLMBP) in August last year, it had inched up year-to-date [YTD] in contrast with a decline in the main listing's price ( SLM ). Cut to now, and the trends have changed as SLM has caught up with SLMBP (see chart below). Here I figure out why that is and what's next for SLMBP....

For further details see:

SLM Corporation PFD SER B: The Time For Big Dividend Gains Is Over

Company Name:	SLM Corporation Floating Rate Non-Cumulative Preferred Stock Series B
Stock Symbol:	SLMBP
Market:	NASDAQ

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Summary